Emergency Savings Accounts
Most people don’t think about financial emergencies until it’s too late. Be proactive and protect your assets and credit score by starting an emergency savings at DCCU. If you contribute to the 401(k) program at your workplace, you realize the benefit of an out-of-sight, out-of-mind savings account: you don’t even notice the money that isn’t on your paycheck. DCCU wants to help you prepare for the unexpected using those same principles.
Emergency savings accounts at DCCU are funded by automatic deposits of at least $25 per pay period and are for a 12 month term. You’ll benefit from a higher, special rate, no minimum amount to start, and one penalty-free withdrawal allowed.
*APY is Annual Percentage Yield. $5 savings account required. Accounts subject to approval. Account must be funded by automatic deposits of at least $25 per pay period and is available in 12 month terms. Limit one penalty-free withdrawal per 12 month period. Withdrawal will decrease dividends. The Emergency Fund Certificate will not automatically renew. It will not be renewed without automatic recurring deposits and must begin the new term with a zero balance. Stated rate subject to change.
Emergency Savings Planning
Estimate your total for one month of emergency expenses. Then use the chart to determine how much you need to save each pay period to reach your goal in 12 months.*
*Approximate savings after one year of automatic deposits. Accrued dividends not included.
It just takes a few minutes to get started. Stop in a DCCU branch or call 608 256-5665 today.